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Intuitive Surgical: A Leader in Robotic Surgery Equipment Growth
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- Tiny Tech News
Over the course of its existence, the stock of Intuitive Surgical, a prominent supplier of robotic surgery equipment, has increased by more than 22,000%. Since its founding in the middle of the 1990s, the company has deployed over 9,800 systems and educated over 60,000 surgeons. The company`s recurring revenue streams have grown from 71% of total sales in 2016 to 83% last year, making it increasingly predictable. Additionally, the company has significant growth opportunities outside the U.S., with an estimated 165,000 hospitals worldwide. With 3,818 international systems installed, the company has a significant market share, but the market often makes investors pay up to own shares. Despite its size, Intuitive Surgical has the potential to generate adequate shareholder returns.
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